Marketplace for Wednesday, May 14, 2008
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Segments From this episode
A new round of negotiations gets underway for the Open Skies agreement -- a comprehensive set of rules governing transatlantic air travel. The stakes are enormous, and European airlines are pushing for a bigger share of the airlines themselves. Stephen Beard reports.
Even rich folks are feeling the economic slowdown -- there's foreclosures in the tony Hamptons, too. Commentator David Frum says the asset boom early this decade benefited a relative few, but the bust could hurt us all.
The images are devastating -- schools and hospitals flattened, survivors and bodies pulled from the rubble... Offers of aid and supplies have poured in from around the world. But John Dimsdale reports China's government seems intent on showing it can handle the catastrophe on its own.
The U.S. chemicals giant announced a $140 million joint venture with a Danish company to produce ethanol from non-food sources. It could be a valuable fuel source, but don't expect corn prices to drop just yet. Sam Eaton reports for the Sustainability Desk.